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| House passes credit card bill that helps consumers
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| Friday, May 01,2009 02:51 AM |
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WASHINGTON - Riding a crest of populist anger, the House on Thursday approved a bill to
restrict credit card practices and eliminate sudden
increases in interest rates and late fees that have entangled millions of
consumers. The ......
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| American Express' risk-cutting poses its own risks
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| Wednesday, April 29,2009 05:27 AM |
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What does AmEx want?That's a question American Express
cardholders are asking more and more these days as the company turns
the screws on long-standing customers and seems determined to show as
many as possible the door.Similar moves by leading c......
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| Banks getting TARP cash aren't paying it forward
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| Friday, April 24,2009 04:20 AM |
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Treasury says lending has fallen among banks getting government aid. The largest bank recipients of U.S. government aid are offering less
credit to businesses and consumers, the Treasury Department said
Wednesday, reflecting and exacerbating ......
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| A Promising Sign for Small Business Loans
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| Tuesday, April 21,2009 05:04 AM |
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It seems that the secondary market for Small Business
Administration-backed loans may actually be thawing out a bit. Banks
that make SBA-backed loans have historically been able to sell the
guaranteed portion of these loans into the secondary mark......
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| Small Businesses vs. Bailed-Out Banks
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| Friday, April 17,2009 04:10 AM |
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CHICAGO -- There is a 17,000-square-foot factory in this city's
ethnic Little Village neighborhood that is home to third-generation
tamale maker Alejandro Castro, his grandmother's handwritten recipe for
mole sauce -- and a protracted public-rel......
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| Start Up Stories:
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| Tuesday, April 14,2009 05:07 AM |
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Small businesses everywhere are struggling to find banks willing to
lend. Here's how - and where - six entrepreneurs got the loans and credit lines
they need. From mom-and-pop restaurants to day care to dog washing, it can be done ... even in "th......
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| Why small companies keep shedding jobs
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| Friday, April 10,2009 06:04 AM |
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With slow sales and tight credit, many small businesses are caught in a death spiral that contributes to the hemorrhaging job market. Employment at small businesses with 500 or fewer employees decreased
by 614,000 positions in March, marking o......
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| Small Businesses Face Credit Cuts
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| Thursday, April 09,2009 04:45 AM |
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Credit card banks aren't through cutting credit card lines. By 2010, about 20% less credit -- a drop of $1 trillion -- will be
available via plastic. Small businesses, about half of which rely on
credit cards either to finance their operatio......
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| Banks will have to report on small business loans
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| Monday, March 16,2009 04:08 PM |
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WASHINGTON – The Obama administration is announcing that the 21
largest banks receiving government money must report monthly on how
much lending they do to small businesses.
All
other banks getting federal taxpayer help are bein......
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| Interest rates on most credit cards continue climb
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| Tuesday, March 10,2009 05:20 AM |
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The average annual interest rates charged on most popular types of
credit cards rose last week for the third-consecutive week, according
to Bankrate.com.
For low-interest cards, which have rates
below the national average but are often offere......
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